Manhattan Reborn 1978

new York.

Manhattan.

The World Trade Center Twin Towers.

New York Mercantile Exchange (NYMEX).

David got out of the car and stood on the side of the street, looking up at the two tall skyscrapers in the distance, and silently prayed for them in his heart: I hope this time, you won't have your waist broken again. .

. . .

Just as David looked at the Twin Towers of the World Trade Center and recalled the images of them falling.

Sam Rogers, who had been waiting for him for a long time, led Leon Hoffman and the company's financial officer Erwin Barnetta to the vicinity of David and whispered.

"The market will open in 10 minutes. It's almost time. Let's go in first?"

David's eyes were still looking at the skyscrapers under the dark clouds, and he nodded and said, "Let's go~"

. . .

10 minute later.

David met his friends in a room not far from the trading floor.

"Hi~ Pine! Sorry, I'm a little late~"

"Haha~ I thought you wouldn't come today!"

"How is that possible!~"

David nodded to Bernard Madoff, and then smiled at today's unexpected visitor: "Diffal, I didn't expect you to come too~"

Saudi Prince Difar, who was wearing a smart suit, smiled and shook hands with David and said: "This boring weekend is going to drive me crazy~"

"So, I contacted Pine last night~ I'm here to accompany you today and learn the overall process of futures contract trading."

"Haha~ If you want to learn, I am a layman just like you~"

"That's good, let's study together~"

"I haven't been there when I was in London..."

in the room.

Several people were silently thinking about their own thoughts, listening to the chat between David and Defar.

After a few minutes.

A crisp ringtone rang outside the room.

Pine stood up, walked to the door, and said to several people: "It's time to start, let's go~"

"ok~"

Several people left the room, walked through a long corridor, joined a few small groups of people, and entered a super hall filled with people and papers on the floor.

At the entrance to the hall.

Pine turned around and led a few people to a relatively quiet corner, pointed at the people in the hall and around them, and introduced them.

"This hall we are in is the open bidding trading hall."

“Gold, silver, cocoa, sugar, cotton and more were traded here.”

"Today, we want to pay attention to the bidding sign for heating oil, that's it~"

Several people looked in the direction of Pine's finger.

On the wall more than 30 meters away from them, a large black bidding board with various product names written on it was neatly arranged.

David and Defal, who were coming here for the first time, both squinted their eyes and worked hard to distinguish the product names marked in small white letters on the black bidding signs. .

At this time, two middle-aged men in suits walked up to Pine and whispered a few words.

Pine nodded slightly, whispered to them, and then the two left.

in the hall.

Another bell rang.

The ringtone, like a starting gun, instantly brought the entire trading floor to life.

Pine pointed to a large area where people were busy in office chairs and began the introduction again.

"That's the telephone area of ​​the brokerage house. The person who answers the phone will record the brokerage's orders and hand them over to the order runners."

"Yes, these are the people with small paper orders in their hands~"

“They will route the orders to traders in the trading pool.”

"Then, traders will find traders who want to buy or sell orders in the trading pool based on the orders they get, and conduct transactions."

"Look over there, the area where a group of people are holding orders and shouting is the cocoa powder trading pool~"

"The heating oil we are going to focus on today, its trading pool, is arranged in the corner farthest from us."

"Let's go and take a look now~"

Several people nodded and followed Pine, bypassing the wall of the hall and bypassing almost half of the hall before arriving at the heating oil trading pool.

There are not many people here, almost all of them gather together in twos and threes and chat in low voices. .

The trading pool is very close to the black bidding card.

David could clearly see the small white letters on the top line of a black bidding sign: NEWYORKHEATINGOILl.

(Heating oil, or can also be translated as heating oil.)

In the leftmost vertical direction of the black bidding card, it is marked: buying price, opening price, highest price, lowest price, etc.

The horizontal direction of the NEWYORKHEATINGOILl bidding board is marked: October, November, December, January, etc.

And in the column of the opening price, a number is displayed: 3.850!

David approached Pine, pointed to the bidding board and the more than 20 people in the trading pool, and asked: "Is that 3.850 today's opening price? How is it priced?"

"Will the transaction price in the trading pool be reflected on the bidding card in real time?"

Pine looked at the two people who had just come to him in the trading pool, nodded and explained: "That is the opening price of the heating oil futures contract."

"Its pricing basis... is very complicated~"

"Let me put it simply~"

"The price of oil as we know it is the price of a barrel of crude oil on the international market."

"Heating oil is one of the refined oil products produced and separated by crude oil processing companies."

"Its output rate is about 25% of a barrel of crude oil."

"Therefore, the opening price of heating oil is finally determined with reference to the current international oil price, plus processing costs, transportation costs, etc., plus the fact that it is autumn."

"You also saw the bidding sign~"

"Heating oil is on the market for the first time, and the futures contracts for the following months have not yet been fully launched and traded in the market, and the price has not been shown."

"However, I just handed over your purchase order to the trader~"

"According to your previous predictions and our analysis, I have set the delivery time of the purchased contract in February next year."

"Oh~"

David looked back at Bernard Madoff and Sam, and set his sights on the trading pool not far away.

Seeing the curiosity on his face, Pine smiled and said, "We can go a little closer and you can hear what they are shouting."

"Ok!"

The two walked to the edge of the trading pool and finally heard what these people were saying.

in the trading pool.

The two people who had just come to see Pine gradually became the center of attention among the traders.

After the two people confirmed the transaction with one person, they recorded it on a small list in their hands.

After accumulating some orders in their hands, they will hand the orders to the order runners at the trading pool, and ask them to hand the orders to the exchange staff to register, record, and complete these transactions.

Pine and others looked at the traders in the trading pool. They were in completely different working conditions from the other trading pools, and they all patiently remained quiet.

After a few minutes.

NEWYORKHEATINGOILl bidding board, in February, a new number appeared in the price column of the buying order: 3.855.

Subsequently.

This number slowly increases and rises as time goes by.

The bid numbers on the bidding boards also began to change.

After half an hour.

David rubbed his chin and looked at the latest February price column. The latest number was: 3.995.

The two traders who had just been busy in the trading pool walked out of the trading pool, reported a few words to Pine in a low voice, and then turned around and left.

Pine looked at David with a smile, spread his hands and said: "Today is the first day that heating oil is on the market. To be more cautious, I only bought 2500 February contracts for you. The trading margin ratio is 20%."

"Your 2000 million dollars is settled!"

"Thank you!"

"Haha~ Will you still be polite to me?"

David rubbed his hands together, moved closer, and smiled softly to Pine: "Since I'm asking for your help, I think... how about adding more leverage and buying 1500 more March contracts?"

Pine raised his eyebrows and whispered: "March, 1000 lots, are you sure?"

"Sure!"

Pine slowly squinted his eyes and put away his smile. His eyes were so sharp that he seemed to want to see through David. He paused for a few seconds before speaking.

"it is good!"

"You set a stop loss line, and I'll have someone keep an eye on the price for you~"

"If the price is too low, they will help you clear your position in advance and stop your losses."

This time, it was David's turn to narrow his eyes and said with a smile: "Okay~ Let's set the opening price of heating oil at 3.850 as my stop loss line~"

"Thank you!"

Pine listened to David thank him again, stared at him for a few seconds, then smiled again on his face, shook his head and said.

"I want a special gift for Christmas this year~"

"You...can you give it to me?"

"Okay~ What do you want?"

"Haha~ I haven't thought of it yet~ When I think about it, will I tell you?"

David took half a step back, squinted his eyes, looked up and down at Pine, curled his lips and said, "I think, yes!"

"But don't think too much! ok?"

Pine couldn't help but point at David and cursed with a smile: "You bastard... What are you thinking about?"

"I didn't..."

"Hey~ stop talking!"

"Speak out and it will be disrespectful to everyone!"

"rest assured!"

"I understand even if you don't tell me... Hahaha~"

"fxxx!"

"You know nothing~!"

"..."

Just because of David's temporary performance and jokes, the slightly tense atmosphere between the two of them just now was relieved.

David pulled up Saudi Prince Difar, who had been quietly watching the excitement, and asked him to ask Pine some questions.

Then David turned to Bernard Madoff, glanced at Sam, and said with a smile: "2500 February contracts, 1500 March contracts."

"The stop loss price is today's opening price."

"what do you think?"

Madoff nodded slightly, looked at Pine who called the two traders back again, whispered instructions, and smiled at David.

"No problem~"

With that said, Madoff took half a step forward and continued in a low voice: "Last Friday, when I was chatting with a friend, I learned that the stocks, trading volume and prices of some companies on the New York Stock Exchange have experienced abnormal fluctuations in recent days. "

"My friend speculated that it may be because these companies are in the secondary market, or... other channels have carried out some operations, reallocation, mortgage, etc. on the company's equity."

"At the weekend, I simply checked the shareholder lists of these companies..."

"There are many shareholders on this list who are related to the Morgan family~"

"What do you think about this matter?"

(What David understood from Madoff’s words was: I have received news that some companies or their shareholders may have received some important information and are preparing to make big moves. You have a good relationship with Morgan and you have gained a lot. Got any news?)

After listening to Madoff's clichés, David smiled with a slightly weird expression: "If there were no price fluctuations in the stock market, you, a Nasdaq market maker, would probably starve to death?"

"I haven't seen Giles in the past two days. I don't know where he went to fool around~"

"Hehe~"

David turned to Sam and asked, "Have we signed the contract with Mr. Madoff for the appraisal?"

Sam, who had been pretending to look around just now, was stunned for a moment and replied: "Everything is signed~"

"Um.."

"What about the $2000 million that I just bought for the heating oil futures contract?"

"Erwin and I have confirmed the fund transfer issue with Mr. Pine this morning, and it's all settled~"

"it is good!"

David showed a formulaic smile on his face and said to Madoff: "$2000 million has been spent."

"There are still 600 million dollars left~ Do you... have any good investment suggestions?"

(David, regarding Madoff’s behavior of immediately asking for important inside information after seeing the money being spent, he clearly expressed an attitude: work honestly, make money, and don’t pry; even if I know about the Morgan family I won’t tell you the news~ I’ve already spent this money... If you want to go back on your word, it’s already too late!)

Madoff understood that what he just said had the opposite effect. .

But he didn't explain anything immediately. Instead, he paused for a few seconds and talked about another topic.

“Yesterday, when my friends and I were playing golf at Shinnik Hills Golf Club, we bumped into some of our previous Jewish customers~”

"Before, I turned down their investment~"

"Now, after a few rounds on Wall Street, they still feel more comfortable investing their money in me."

Madoff tilted his head slightly, glanced out of the corner of his eye, and Sam and the others who consciously stepped back some distance, whispered: "With these investments, if the income remains unchanged, I will be able to raise another 3000 million meters today!"

"Just now, I saw something between you and Mr. Pine..."

Madoff tilted his head and raised his eyebrows, and said in a lower voice: "There seem to be different opinions and views on purchasing heating oil futures contracts, or other aspects?"

"That's why I talked about the price fluctuations in the New York Stock Exchange stock market. I just wanted to use the latest news I received to remind you~"

After listening to Madoff's "explanation", David's mind was racing. Slowly, his smile became more sincere and he said.

"3000 million, 12%, two-year lock-in period?"

"Correct!"

"Hehe~"

"Sam!"

"...I'm here~"

"According to the contract we signed with Madoff before, prepare another one~"

"Okay, I'll call the company right away and we'll have it done before lunch!"

David grinned and showed a surprised expression, then turned back and said: "Half February contract, half March contract, how about it?"

Madoff took a deep breath and said with an equally sincere smile: "Don't worry about the contract. I have more opinions on what to buy."

"I'm going to make some phone calls first~"

"Try to get it done in the shortest possible time!"

David nodded, held Madoff's right hand tightly, shook it a few times, and said nothing.

Madoff turned around quickly, leaned against the wall in a less crowded area, and walked quickly outside the trading hall.

David looked at his leaving back and was stunned for a few minutes.

Maybe the current Bernard Madoff is not the swindler of the century who made tens of billions of dollars evaporate in an instant with just a few words. .

But David has never underestimated the network of contacts he has built within the Jewish community over the years.

Another $3000 million. .

Jews. .So xx rich!

However, these investors will watch the Federal Reserve continue to raise interest rates and continue to raise interest rates in the next two years. .

Could my blood pressure be out of control and explode?

Emm. .

David rested his chin on his hand and thought about it seriously. He felt that if he could make astonishing profits on the heating oil futures contract, he might as well consider Madoff's embarrassing situation and increase the interest rates for these investors. Let them also have a mouthful of broth. .

In this way, Bernard Madoff can gain more trust among the Jewish community~

When the economic crisis in the United States reaches its lowest point in two years, Madoff's investment ability will also bring more financial support to David's plan~

This is a win-win cooperation for all three parties!

After wanting to understand these.

David turned towards Pine and said directly: "I have to ask you a favor~"

"I have another $3000 million."

"Half February contract, half March contract."

The corners of Pine's mouth twitched slightly, and he frowned and asked, "Madoff?"

"Correct!"

"you.."

"This purchase order will be in your account before the market closes today. Just buy it for me."

Pine pursed his lips, weighed it quickly in his mind, and then slowly nodded and said: "Okay~ I will do it after the money arrives~"

"Ok!"

David looked at Defal, nodded and smiled at him: "I have finished all the work you asked me to do here today~"

"So, please forgive me, I have to leave first!"